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PBS
Jan 30, 2013 6:30pm PST
. the economy is barely growing, so the federal reserve says it will keep buying bonds to stimulate growth, and create more jobs. >> tom: i'm tom hudson. facebook's latest earnings beat the street, but while the company saw big gains in mobile ad sales, it's costs also shot up. >> susie: and rim, rolls out the new blackberry 10, a new name, and a new ticker symbol, we look at what's riding on all those bold moves. >> tom: that and more tonight on "n.b.r."! >> susie: the federal reserve said the economy "paused" in recent months, so it's keeping its key interest rate near zero. the decision from policymakers today came on a day of mixed reports about the u.s. economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy statement today that it continues to see "downside risks" to the economy.
PBS
Jan 30, 2013 7:00pm PST
continues to see "downside risks" to the economy. unemployment is still "elevated". but household and business spending advanced. >> susie: darren gersh begins our coverage with that weak reading on the economy. >> reporter: last quarter, defense spending fell off the fiscal cliff. as lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply-- defense spending fell 22% in the latest g.d.p. report, tipping the economy into the red. >> certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are real and that they have real effects on the economy. >> reporter: economists and markets did not panic over the drop into the red, because the economy is still showing signs of solid growth. businesses are still buying equipment and software. housing continues to bounce back. and consumer spending held up well, expanding at an annual rate of 2.2%. >> so if you look through some of the volatile components, demand underneath was solid and it doesn't suggest the economy is losing momentum. so a scary headline numbe
WHUT
Jan 28, 2013 8:30am EST
tremendous economic financial pressure on the entire global economy, including europe. >> in the same way in which the collapse of lehman implied global shocks, a dissolve in the situation of the eurozone is going to impact the united states. >> while everyone is telling the germans, "bail these guys out now," the germans are saying, "if we're gonna bail them out, we wanna fix the political crisis." >> at the end of the day, europe and the eurozone face an existential question: can we become the united states of europe? >> in a democracy, agreement is not essential, but participation is. >> never before in our history have we been so interconnected with the rest of the world. >> foreign policy is actually not foreign. >> america has faced great hardship before and each time we have risen to the challenge. >> the ultimate test is to move our society from where it is to where it has never been. >> join us as we explore today's most critical global issues. join us for great decisions. >> great decisions is produced by the foreign policy association, inspiring americans to learn more abou
NBC
Jan 27, 2013 2:30am EST
the global economy go next and what will it mean to your portfolio as the u.s. stock market sets a new five-year high. >>> i'll have any candid conversation with outspoken jpmorgan chase ceo jamie dimon. we'll talk real estate, banking, his pay cut. >> we had run terrible year. >>> and she's called the oprah of china. remarkable entrepreneur who runs a media empire and reaches more than 200 million people a month. "on the money" begins right now. >>> this is america's number one financial news program, "on the money." now, maria bartiromo. >> this is what's making news as we head into a new week "on the money." washington has a new watchdog for wall street. president obama has nominated mary jo white the head of securities and exchange commission. white is a former prosecutor with a reputation for toughness. she will replace mary schapiro and must still be confirmed by the senate. timothy geithner spent his last day as secretary on friday, stepping down after a tumultuous four years in the financial system. president obama's chief of staff jack lew has been nominated to replace geithne
NBC
Jan 28, 2013 12:30am PST
money with some very accurate predictions about the economy, about where the markets would go post financial crisis. what's next for america and the global economy? ken rogoff joining me once again with some answers. ken, good to see you. >> good to see you. >> thanks so much for joining us. how would you describe the mood in davos and how would you see the economy today five years post the crisis? >> it's a strange mood in davos, where people are not euphoric. in fact, you talk to heads of multinational corporations, businesspeople around the world, they say, you know, things aren't even as good as i thought they would be this quarter, but they're calmer. there's a feeling that the world is not going to fall apart. you hear more about geopolitical risk, cyber security, d less about europe's going to blow up tomorrow. >> so, you're not seeing over enthusiasm but it's certainly better than a year ago? >> yes, it's definitely, definitely calmer. their theme here is resilient. yes, and dynamism, not so much. guess what i thought about the global economy. i actually think that growth w
CNBC
Jan 28, 2013 7:00pm EST
economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even a path to citizenship. cnbc's own eamon javers joins us now with the details. good evening, eamon. >> well, we've almost gotten out of practice at watching bipartisan groups of senators hold press conferences here in washington. that's not something we're used to seeing. in recent months, anyway. but the senators laid out
CNBC
Jan 30, 2013 7:00pm EST
spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester which i think is hilarious. they invented the sequester. we have had tax, spend and reg
FOX Business
Jan 30, 2013 11:00pm EST
economy is shrinking and the economy is playing the blame game. charles: welcome, everyone, i am charles payne in for neil cavuto. the administration is saying that it was hurricane sandy and defense spending cuts and uncertainty about marcotte. one more quarter and we are in a double dip recession with us tonight is xander -- sandra smith. >> that's right, they are trying to use this report. uncertainty when it comes to tax dollars in borrowing more money. charles: the mass media, i saw a report in new york. six reasons this wasn't a bad record. did you see that? >> the media was trying to spin this in every way that they could. they were trying to make it look like a god for them. what we need to do is say that as a lack of economic growth policy. where is the job growth policies? right now we have consumer confidence levels that we just got this week. they are plummeting because people are seeing their paychecks shrink as a result of the expirations of payroll tax cuts. people have less money to spend, they are less optimistic about the future. the white house doesn't get it. they sti
FOX News
Jan 30, 2013 7:00pm PST
you shortly. now, the latest news about our economy and it is so grim. shrinking in the fourth quarter. biggest dip in three years. instead of jumping into high gear to figure out what to do to reverse the economic bad news, top democrats use their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. last three months our economy shrunk. >> new report suggests that the economy still has not really fully recovered from the financial crisis four years ago. >> now the democrats, this is the best looking contraction it has ever been in this country. >> it's beyond the flirtation with default to see republican leaders say, i got sequester in my back pocket -- this is not a game. >> you remember what the administration's growth forecast were for the next three to four years. it was anywhere between 3-4 1/2%. >> have you heard poor men spending themselves into prosperity. it's dumb. >> there is more work to do in our economy and facing a major headwinds. that is republicans in congress. >> if there were republican in white house we would never come out
FOX News
Jan 30, 2013 8:00pm PST
washington. w. >> bill: the o'reilly factor is on. tonight: the economy is still in neutral gear. >> amazing job though convincing people that things are rosy. >> bill: bad news for the u.s. economy. it is going down again. even as president obama's poll numbers are going up are we the people completely clueless? we have a special report. you al gore are doing business with this country that's enabling your ultimate foe climate change. >> i think i understand what you are getting at. [ laughter ] >> bill: even david letterman is pounding al goren othe hypocrisy of making money from big oil. we will show you how gore is being treated by the left-wing media. >> isn't there a contradiction in that? also tonight dennis miller on the most popular tv personalities in america and my interview with collin powell last night. caution, you are about to enter the no spin zone. the factor begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. bad economic news but it doesn't seem to matter to the folks. that is the sung of this evening's talking points memo. last qu
FOX News
Jan 30, 2013 3:00pm PST
for watching. >> bret: a short term the wrong way. the economy slinks bringing on fears of a new recession. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. hard slap in the face tonight from reality. economy thought to be improving shocked experts and shrank in the final months of last year. huge falloff from gain last summer. white house correspondent wendell goler with an explanation and reaction. >> less than two weeks after the president said in the second inaugural address that an economic recovery had begun, the commerce department said not so fast. the biggest drop in defense spending in 40 years combined with a decline in exports and slow growth in company stock piles slashed economic growth from 3.1% in the third quarter to minus 1/10th in the fourth. first negative quarter since 2009. white house downplayed the report and gave the republicans part of the blame. >> home prices are starting to climb back. consumer confidence overall has been rising and consumer spending is rising. but there is more work to do. our economy is facing a major head wi
CNBC
Jan 27, 2013 7:30pm EST
better, it might be worse. >> see, i'm hearing a lot of positives about the u.s. economy, if washington can get its act together, but europe is still a big issue. what do you think about europe right now? have we made progress? and what's to come? >> well, i think there's some big, long term things they need to do in europe over the next 5-7 years. they've done some structural forms. they've raised their pension ages. they've done labor market reforms. nothing has happened in the united states. absolutely nothing. and i think their reasons for optimism from the shale, which, by the way, that's an area where people are excited to talk about that. and, you know, there's some optimism coming from the easy money, i suppose, still. but i think in the united states, you know, if we get to the consensus, which seems to be 3% at the end of the year, i think that would be good. >> let me ask you about the economy. relative to what ee's going on washington. we voted that the house extended to see a debt ceili ining for a months. how does this play out? >> forever. i mean, that's the sh
CSPAN
Jan 30, 2013 7:00am EST
that when it came to the economy, and i quote, the good news will keep coming. after last week's growth figures it obviously hasn't. what is his excuse this time? >> as the right honorable gentleman nose gdp in the third quarter of last you went up by 4.9%. and is forecast by the office of -- it fell by 23%. only honorable members opposite each year that news. [cheers and applause] >> i think the right honorable gentleman should listen to the governor of the bank of england who said this. our economy is recovering more slowly than we might wish, but we are moving in the right direction. the fall in unemployment number clearly back that up. >> ed miliband. >> what an extraordinarily complacent answer from the prime minister. let us understand the scale of his failure on growth. they told us in autumn 2010 that by now the economy would have grown by over 5%. can the prime minister tell us by how much the economy has actually grown since then? >> there's absolutely nothing complacent about this government. that is why we are cutting corporation tax. we are investing in enterprise zone, a m
FOX Business
Jan 30, 2013 9:00pm EST
] charles: hold on, hold on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back again soon. thank you all for watching this show. we will have you back soon. t bul you hear what we found out about made in america. also, markets hit new highs. what's driving the latest run? can it last? your smart fun about to shame you in public. tonight, we have the apps that keep you in line and on time. "the willis report" is on the case. gerri: "the willis report" is on the case more on those stories in a moment, but, first, when you buy made in america, how do you really know it's made in america? labeling laws are confusing, and some products, well, they just outright lie about where it's made. if you want a healthy economy, keep jobs at home, how can you be sure you do the right hing. to sort through it all is t
FOX Business
Jan 30, 2013 6:00pm EST
outright lie about where it's made. if you want a healthy economy, keep jobs at home, how can you be sure you do the right thing. to sort through it all is todd marks. todd, great to have you on the show. thank you so much for being with us. >> oh, my pleasure, gerri. gerri: how do you know? they label these things every which way. how do you know which products are made in america? >> well, they are very serious and very complex, arcane rules governing what it means to be made in america. there's claims called qualified, made in the usa, no ambiguity. there's qualified claims, made in the u.s. of parts made in china. they are created here. gerri: hey, todd, like apple, created in california, asemilled in china. >> that confusion prompts people to scratch their head. we get letters all the time. how can it be? the laws are clear, but they are not. well, they may state that, you know, when they create laws about what it mean to be made in america, it says, in order to say it's unqualified made in america, there can be no ambiguity, and you don't want to mislead a reasonable person.
CNBC
Jan 25, 2013 4:00am EST
economy in the fourth quarter. those figures will be out in just under 30 minutes. >>> the governors of the banks of italy -- trade in siena. and imf's christine legarde tells us that central bank stimulus is still needed. >> we have the central bank on the one hand which have done quite a lot, which have been the fireman, in a way. and you have the policymakers on the other hand particularly in the eurozone who have made some progress and need to keep the momentum. >> now, any minute now, we're expecting the results from germany's ifo institute. january business climate index survey is expected to rise to a reading of 103 from 102.4 in december. this, of course, follows an increase in expectations in the dew survey earlier this week. we've seen an increase in the pmi surveys for germany over the last couple of months. as the german economy particularly looking to climb out of its contraction in the fourth quarter, we're waiting on the ifo senior va to tell us whether sentiment broadly speaking is picking up in line with that development. now here we're getting the survey. it would thou
CSPAN
Jan 30, 2013 5:00pm EST
the norm recently because of this administration. it's the norm because the economy collapsed. we all remember that the economy collapsed. and to withdraw federal spending from a collapsing economy is only to make things worse. the economic collapse created these deficits, and as the economy recovers, we can draw this will down. now, there's not aagreement on that. some have preached austerity as the way forward when the economy coul lapses. -- collapses of the and when this withstand, there was lively debate between those who support that would be more sensible than austerity. we're past us a started and now into experience much the experience of foreign countries belies that austerity works when economies are collapse ago. from spain to greece, european countries that responded to the economic downturn by slashing their budgets are suffering from shrinking economies and persistent double-digit unemployment rates. a recent i.m.f. report estimates that budget austerity in a weak economy might actually inflict significant harm and have a much lower-than-expected effect on the deficit,
FOX Business
Jan 31, 2013 6:00pm EST
different views on what helps the economy. russia wants more babies, and china has a one baby policy. different views on how to grow. i'm with russia. they are crazy, but with them. melissa: airport related, wonder what they think of next. a belt that lets you zip through security. it was created by a designer who knows the importance of moving at a speedy pace. you can save five seconds at the airport. wow. what do you think? >> i just -- anything to go through security quicker, but i do want just booties for my feet. when i take the shoes off, that's what they should invent, booties you just fly through security. >> that's what loafers are. >> you have to take them off. i understand that. but shoes with laces in them are a dying breed. have to hate those rules. melissa: we solved a lot of problems. >> we did, sex and shoes. melissa: thank you very much. that's all the "money" we have for now today. we'll see you here tomorrow. the "will las report" is next. gerri: hi, everybody, i'm gerri willis. president obama disbands the jobs council, why it failed, and why nothing it taking it
WETA
Feb 1, 2013 6:30pm EST
, it was still a healthy number that should continue to help the economy. >> reporter: the main reason for optimism: those positive revisions to november and december jobs data. it turns out, the government underestimated how many positions were added by 127,000. it was that miscount that helped push the dow over 14,000 for the first time in more than five years. and, at 14,000 the blue-chip index is about 150 to 200 points away from its all-time high. market pros like wayne kaufman predict new highs for stocks in coming weeks. >> many investors, retail investors, individual investors are reaching the point of recognition where they no longer believe the economy is going to collapse again, or that the stock market is going to collapse again. >> reporter: surely, an improving job market will keep investors jazzed about stocks. to that end, economists expect employers to continue adding about 150,000 jobs a month this year and the unemployment rate to inch lower. >> i think by the end of the year we're probably going to be looking at unemployment rate of 7.5% to 7.4%. certainly no
FOX Business
Jan 31, 2013 11:00pm EST
to spend, there is no such thing as recovery in sight, we have no economy policy, we have no energy policy, fuel is back up. i mean, people wonder why consumer confidence and confidence from the business owners is down? and the president pulls a you know deal like this, come on. this guy campaigned on jobs and the economy, he gave an inaugural speech on what? immigration, constructing royds and more liberal rhetoric, you know what, this is a step to socialist ladder forget rid of small business then we can control the big guys, i am frustrated and angry. tom: i hear it. marco, you have seep the president, i get up in the morning i think about jobs, i go on bet at night i think about jobs, do you think he has forgotten? >> i don't think he nearly forgotten about it, i think he doesn't know how to create jobs. it is the smalln 'n small busins that create them, if you have not run a business how in the world do you know how to create jobs this is why the count was important and should have been important. >> thank you very much. push to help illegals is on, but nobody is talking about
MSNBC
Feb 1, 2013 9:00am EST
at all the numbers we got this week, the gdp report, the economy technically shrinking by 0.1 for the fourth quarter and most of it being chalked up to government -- to the lack of government spending particularly in the defense industry. and yet there were other parts of it in the private sector that looked strong. what's the reality here? are we an economy that's growing, that's recovering, or are we in an economy that's still on shaky ground? >> we're growing and we're recovering. the economy as measured by, say, gdp, that's kind of the economy's bottom line, that's the value of all the things we produce, that's been going 2%, 2.5%, and i don't think it's changed, that's about what we're growing right now. that's okay. but it's certainly not good enough in the context of the 7%, now 7.9% unemployment rate. yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer confidence. and we're
CNBC
Jan 30, 2013 3:00pm EST
understand the point. rick, is your point that this weak economic report we got today shows the economy is truly weak, or are you agreeing with the consensus that it shows that government spending was the reason for the weakness? >> no. i'm saying government spending isn't really addressing some of the main issues of weakness, and when did we -- when did we have an amendment saying we're banning recessions. if the economy is destined to be smaller to get healthy, let it happen. >> but hold on, rick. what was interesting about this report to my mind was that consumer spending and business spending actually held up in the face of government spending. >> that's a wonderful thing, and i like that thing. >> it reilly should be for investors the one of figuring out in a world that looks like it will be one of declining government spending, what will happen to private sector spending and investment? >> it will reallocate the capital better. >> hey, rick, you're not going to get the end result that you think you will. nothing makes sense. i agree 100%. guess what's going to happen? we're going to
CBS
Feb 1, 2013 4:00am EST
investigation. >>> and now to the economy. the labor department releases january's report this morning. the economy remains sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. we have an economy still struggling despite positive signs like higher consumer spending and business. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the company added jobs last month but not enough to budge the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimate 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been tough sometimes. when you're home, you feel like i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more p
FOX Business
Jan 31, 2013 12:00am EST
and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back agai. david: friday numbers will be critical. melissa francis is next. melissa: i'm melissa francis and here's what's "money" tonight. what did boeing's management know and when did they know it? a new report says boeing was aware of the dreamliner's battery problems all along. so why wasn't anything done? we have a top former air safety official to weigh in on that one. >>> plus gdp growth comes to a screeching hot happen. major reason is because government spending plunged 15%. isn't that a good thing? trying to bring you a silver lining. the power panel talks about. >>> they are helping to soften the blow for its employees. maybe something to suggest to your boss tomorrow. the company's ceo joins us exclusively with the details. even when they say it's not, it is always about money melissa: now on t
FOX News
Jan 30, 2013 4:00pm EST
rest of breaking news throughout the afternoon. i'm shepard smith. >> neil: economy is suffering, is this time to be hiking. i'm eric bombing and the economy isn't just slowing it's shrinking. it dropped by tenth of percent. it's the first time that happened in three and a half years. all this as democrats are pushing for more tax hikes. former reagan advisor art laffer says that is the last thing we need. first thing in three and a half years we will an actual contraction in the economy and brought it to 2.1%. we spent $5.8 trillion and this is what we get for it. >> it's just dumb on the outside. government spending is milton friedman is taxation. government doesn't create resources, it redistributes resources and this government spending is why we had the recession. obama continued the bad job for four straight jobs and this is the result. >> eric: but they would say isn't for government spending we would have no growth? >> government spending it's not in spite of government spending it's because of the government spending. we think of it, you got two guys in the world, "a" and "b
NBC
Jan 27, 2013 8:00am PST
quote showdown from showdown? and how will the economy respond to what is or is not accomplished here in washington? my exclusive guest this morning will have something to say about all of this. house budget chairman and the republican party's 2012 vice presidential nominee paul ryan here for his first live interview since the election. chairman, welcome back to meat meet. >> great to be back with you. >> let's talk about this top priority of the budget battle. it will really mark the beginning of the president's second term. the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and reforms that put us on a path to balancing the budget in a decade. we think the senate ought
CBS
Jan 30, 2013 5:30pm PST
considerably but be a lot colder. >> pelley: david, thanks very much. the economy has turned unexpectedly cloudy. government data out today showed the economy shrank for the first time since the great recession. it contracted at an annual rate of 0.1% the last three months of 2012. the economy had grown 3.1% the previous quarter. a shrinking economy over time spells recession, but don't panic yet. this number is likely to be revised as more data come in. senior business correspondent anthony mason found this dark cloud may have a silver lining. >> reporter: the headline may be disappointing, but the underlying economy was showing renewed strength at the end of last year. consumer spending, which drives two-thirds of the economy, was up 2.2%. home building soared more than 15% and contributed to economic growth in 2012 for the first time in six years. only government spending cuts on defense caused overall economic growth to flatline. julia coronado is chief economist with p.n.b.-paribas. >> the fiscal tightening is taking a toll. it took a toll on growth in 2012. it will take
CBS
Jan 30, 2013 6:30pm EST
bernard. the economy suddenly stops growing. anthony mason looks at the surprising new numbers and with the super bowl coming this weekend, jim axelrod in new orleans, where the city's chefs have served up an economic recovery. >> reporter: the population shrunk, and yet the number of the restaurants went up? >> yeah, it's a miracle, isn't it? captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the senate judiciary committee had assembled for the first congressional gun control hearing since the sandy hook tragedy when the surprise witness appeared. former congresswoman gabrielle giffords of arizona was led by the hand by her husband, mark kelly. it was two years ago this month that giffords was shot through the head during a meeting in tucson. 18 others were shot and six died. a day of testimony began with this: >> speaking is difficult, but i need to say something important. violence is a big problem. too many children are dying. too many children. we must do something. it will be hard, but the time is now. you must act. be bold. be c
CNBC
Jan 30, 2013 4:00pm EST
face some pretty big headwinds from the economy, so i'm cautious about the next few months here. >> cautious about the next few months, so does that translate into taking money out of stocks? is this rally that we've been seeing, even though we saw fractionial losses today, is it justified given these expectations that you think the economy turns downward? >> i think if you look just at the earnings picture and ignore what's going on in washington, the markets should be up even more. i mean, there's plenty of room for stocks to rally, and i do think once we get past this miss call austerity the rally will resume. we have to keep in mind that the market up until now has not seen really weak data, and it's about see some very soft consumption numbers. have you a $200 billion tax increase this year and a $110 billion sequester. these are not small fiscal tight things. it means that first and second quarter are going to be very weak. it's no longer going to be talking about the risks of the fiscal cliff. we're actually getting about half of the fiscal cliff, so i think you're suppos
WHUT
Jan 25, 2013 7:30am EST
economy back on track, in particular battling years of deflation here. you can imagine really on the defensive today refuting claims of currency manipulation made by germany's leader. this came after germany's chancellor said japan's easing monetary measures could devalue the yen. the finance minister denied the accusation. >> translator: japan is pursuing bold economic measures to pull the country out of deflation, not to manipulate the currency. >> the japanese currency is trading at its weakest level in two years and seven months. he said this is a sign that excessive strength of the yen is being corrected now. economic revitalization minister also said he in tends to seek more understanding regarding japan's financial policy at the annual meeting of the world economic forum. he's taking part in the meeting from saturday. >>> meanwhile the head of the bank of japan stressed the central bank will continue promoting seamless and powerful monetary easing. the governor gave an address in tokyo on friday pep said an inflation target and mormon tear easing to achieve it are needed becau
CSPAN
Jan 29, 2013 1:00am EST
quote immigration is good for america and good for employment and good for a growing economy. to have people who will pay taxes, who will contribute to the economic well-being is a very good thing, and we aim to get it done.
CSPAN
Jan 30, 2013 7:00am EST
go out and try to earn a living. often they do that in the shadow economy, a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. when that happens, it's not as bad for them, it's bad for the entire economy, because all the businesses that are trying to do the right thing that are hiring people legally, paying a decent wage, following the rules, they are the ones to suffer. they have got to compete against companies that are breaking the rules. the wages and working conditions of american workers are threatened as well. if we are truly committed to strengthening our middle-class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we've got to fix the system. we have to make sure that every business and every worker in america is pulling by the same set of rules. we have to bring in the shadow economy into the light so that everybody is held accountable. the businesses and the immigrants getting on the right side of the law. common-sense. that's why we need comprehe
FOX Business
Jan 24, 2013 8:00pm EST
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >> republicans sharpening their budget knives. democrats just licking their political shops. frankly, we don't know what all the fuss is about. ♪ welcome, everybody. i'm cheryl casone. republicans planning to outdo paul ryan with a budget blueprint that has democrats crying. we are wondering why. this is a ten year plan. in the lot can change into an years. does look at how things change the last ten years. ten years ago barack obama was unknown. in years ago lance armstrong was like to. in years ago there was no iphone. i think it was called itunes. a lot has happened in ten years. it makes you wonder what will happen in the next ten years which is making our next guest wonder if the fuss over these cuts is all for
FOX News
Jan 30, 2013 9:00pm PST
economy, people blaming bush in the twilight zone important this economy that has gone on for four years and now getting worse because he is smothering the private sector. they cover up these entitlements >> the election is over. you are not holding a grudge, are you? >> you don't care how much nbc and american people are able to see the reality of the two candidates for themselves. >> we got to run. >> sean: good to see you both. we're back in the recession. >> we're not in the recession but it was bad news. >> sean: it may be a recession, we'll see. i hope not. the country, his policies are not working. thanks for being with us. we learned earlier today for the first time in more than three years, the u.s. economy shrank for top democrats for nancy pelosi they are saying they are not responsible for the fiscal mess that you are now in. they are blaming other people. later tonight, it's bad enough that your tax dollars are being used to arm egypt with f-16s and tanks. we are watching the defense ministers now that the destination on the brink of collapse. what in fact is obama's p
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